Swiss National Bank Trims Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Posted by Defense World Staff on May 11th, 2023

Swiss National Bank lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 600,735 shares of the industrial products company’s stock after selling 53,473 shares during the quarter. Swiss National Bank owned approximately 0.41% of Stanley Black & Decker worth $45,127,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Achmea Investment Management B.V. purchased a new position in shares of Stanley Black & Decker in the 1st quarter worth $36,000. General Partner Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth $25,000. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth $30,000. 1832 Asset Management L.P. acquired a new stake in Stanley Black & Decker in the 1st quarter valued at $69,000. Finally, Sargent Bickham Lagudis LLC increased its holdings in Stanley Black & Decker by 75.3% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 512 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $81.15 on Thursday. Stanley Black & Decker, Inc. has a twelve month low of $70.24 and a twelve month high of $123.08. The company has a current ratio of 1.30, a quick ratio of 0.40 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.43 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 12.64 and a beta of 1.30. The business’s 50 day moving average is $80.32 and its 200-day moving average is $81.41.

Stanley Black & Decker (NYSE:SWK – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The industrial products company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.32. Stanley Black & Decker had a net margin of 4.22% and a return on equity of 3.45%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $2.10 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker, Inc. will post 0.74 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Monday, June 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $3.20 annualized dividend and a dividend yield of 3.94%. Stanley Black & Decker’s dividend payout ratio is currently 71.59%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 2,581 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $85.73, for a total value of $221,269.13. Following the transaction, the senior vice president now owns 36,352 shares of the company’s stock, valued at $3,116,456.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on SWK shares. Deutsche Bank Aktiengesellschaft lowered their price target on Stanley Black & Decker from $99.00 to $83.00 and set a “hold” rating for the company in a report on Wednesday, April 12th. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $105.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, April 13th. UBS Group lowered their price target on Stanley Black & Decker from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 16th. Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Friday, February 3rd. Finally, Barclays raised their target price on Stanley Black & Decker from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Sunday, February 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.33.

Stanley Black & Decker Company Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.